Ben Norris
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Risk managers fear loss of innovation in hard market as CBI cover recedes
Risk managers fear that the hardening insurance market will impact innovation, with one warning he has already seen insurers more…
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Aviation
Aviation rate increases accelerate in Q2: Gallagher
Insurance rate increases across the aviation sector since the start of 2019 “accelerated” as the second quarter closed, according to…
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CRE Insurance
Ogden rate change to -0.25% a ‘disappointment’ for insurers and buyers
Insurers have warned that change of the UK’s personal injury compensation rate to -0.25% from -0.75% is not enough to…
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AIG
AM Best affirms AIG’s ratings but warns improvement needed in general insurance
AM Best has affirmed the ratings of AIG and most of its subsidiaries with a stable lookout, but warned that…
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CRE Insurance
Insurability of GDPR fines limited across Europe, says DLA Piper
Updated analysis from DLA Piper confirms that General Data Protection Regulation (GDPR) fines are only insurable in two European countries…
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CRE Insurance
Sompo International shakes up commercial P&C operation as global CEO steps down
Sompo International has restructured its commercial P&C business as global insurance CEO John Kuhn steps down from the role. The…
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CRE Insurance
Smart contracts and parametric solutions to ‘transform’ options for buyers, says Lloyd’s
Insurance buyers will be offered “transformed” policies as smart contracts and parametric insurance become more widespread, according to reports on…
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Association News
Record GDPR fines come as warning to risk managers
Ferma and other observers say the two proposed record General Data Protection Regulation (GDPR) fines announced this week, for British…
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CRE Insurance
Severe European weather in June expected to costs insurers at least €1.24bn: Aon
Severe weather events across Europe last month caused at least €1.42bn of economic damage, with insurance expected to cover about…
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CRE Insurance
Equipment breakdowns rival fire in property-related claims, warns FM Global
Equipment breakdown is close to matching fire in both frequency and severity of large risk losses in excess of $3m…
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CRE Risk Management
UK workplace fatalities rise in 2018/2019
The UK recorded 147 workplace fatalities in 2018/2019, up from 142 in 2017/2018, according to provisional statistics from the Health…
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Africa
Dive In diversity festival opens for fifth year
The global insurance industry’s Dive In Festival, to promote diversity and inclusion (D&I), has opened for registration for its fifth…
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CRE Risk Management
Investors step up pressure on corporate climate disclosure
One quarter of the world’s highest-emitting public limited companies (PLCs) do not report their emissions as proposed by the Taskforce…
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Africa
Zurich’s CRO Alison Martin replaces Blanc as CEO of EMEA
Zurich has appointed its group chief risk officer Alison Martin as CEO of Europe, Middle East & Africa (EMEA), following…
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CRE Insurance
Marriott faces £99m GDPR fine for data breach
US-headquartered global hotel chain Marriott International faces a £99m (€110m) fine for breaching Europe’s General Data Protection Regulation (GDPR), following…
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CRE Insurance
Ocado warehouse fire costs £110m
Online supermarket Ocado said a four-day fire that destroyed a key warehouse in Andover, UK in February has cost the…
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Association News
Ferma warns that record BA GDPR fine is sign of ‘intensifying’ regulatory action
British Airways’ (BA) proposed record £183.4 (€204.8m) General Data Protection Regulation (GDPR) fine shows that regulators are getting tougher on…
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Asia
Brokerslink expands in Asia with three new affiliates
Brokerslink has partnered with three new affiliates in Asia to boost its local expertise in the region. The affiliates are…
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Asia
Germany, Australia and the US likely hotbeds for future climate-related litigation, says lawyer
A leading lawyer has named Germany, the US and Australia as the three jurisdictions where companies are most likely to…
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CRE Insurance
Pool Re covers non-damage BI extension with £40m retro deal
UK terrorism reinsurer Pool Re has placed a £40m retrocession programme to cover non-damage business interruption (BI) losses for its…